Bruce shares his advise and experience on the Milwaukee-area Real Estate Market, Senior Living Real Estate options, families helping senior parents downsize and much more!
There could be several reasons why homeowners have decided to stay put for the last 4 years.
The pandemic has certainly played a role in those deciding to wait for that perfect time to move. Are you one of those would-be sellers? If you are, here are some reasons based on my interviews with potential sellers:
Read MoreThe holidays are here and what is going through your mind right now? Are you anxious? Do you have unfounded fears that seep through your usually logical mind? Will family get along this year? Do you think you have changed in a way that makes you wonder how you will react when family gathers this year? Are you playing an old tape in your mind that is not who you are today? Does your current living situation reflect who you are both physically and mentally? What does the coming year mean to you? Is your current lifestyle a reflection of who you truly are today? Do you have a spouse or partner that has had health changes and assessing the future in both housing and needs?
Read MoreNo matter where you go or who you talk to, everyone has a different take on the future of our money and direction of home prices. Any homeowner today, especially long-term owner, has had the fortune of watching your home equity rise over the last 14 years. It seems like yesterday, but the financial crisis of 2008 is over a decade in a half in our past! Remember as you grew up your parents would always tell you how time speeds up as you age. Boy was that true!
Read MoreAnyone owning a home today is thrilled to see the incredible appreciation over the last 5 years. Just this year we have seen a 19% increase in home values! That can put a smile on your face but as we all know too well, what goes up must come down. That old saying holds true in every sector of our economy, including housing. Not too long ago, interest rates were at all-time lows at 2.8% for a 30-year fixed rate. We are now approaching 6% for that same 30-year mortgage. Imagine you are trying to buy your first home and not only rates have gone up, but home prices have skyrocketed. There is a breaking point where young buyers will back away from submitting an offer and wait for homes to become more affordable for their budget.
Read MoreWell, now you have reached that age…you know, that number that says it can’t be you, must be your parents! It is you and now you have some very important decisions to make. Like all of us, with longevity comes issues which are financial, physical changes and financial challenges. We all want our money to last. None of us want to rely on others for our well-being. Staying independent for as long as possible is the goal.
Read MoreBruce has been a full time Realtor for over 35 years in the Milwaukee-Metro area. He has helped over 3,000 families sell or buy a home. Bruce also specializes in helping seniors transition from their long time home to a senior community, apartment or condo. He is a featured speaker at several senior communities in the four county Milwaukee-Metro area. Bruce also writes an article for 50plus magazine.
Bruce & Jeanne Nemovitz
With 6 offices in the greater Milwaukee area, Bruce’s Team serves the Ozaukee, Milwaukee, Waukesha, Washington, and Racine counties real estate market.
Copyright 2019 Bruce Nemovitz | Office: (262) 242-6177/ Fax: (414) 755-7512 | bruce@brucesteam.com | Serving the 4-County Milwaukee area
Realty Executives Integrity | 5 offices including Brookfield, Cedarburg, Franklin, East Troy, Hartland | W61N306 Washington Ave #203, Cedarburg, WI 53012
